DIA vs. MSFT
DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) is Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, DIA returned 12.96%/yr vs 23.18%/yr for MSFT. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
DIA vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, DIA achieves a 8.61% return, which is significantly higher than MSFT's -16.45% return. Over the past 10 years, DIA has underperformed MSFT with an annualized return of 12.96%, while MSFT has yielded a comparatively higher 23.18% annualized return.
DIA
- 1D
- -0.55%
- 1M
- 0.50%
- 6M
- 5.75%
- YTD
- 8.61%
- 1Y
- 18.61%
- 3Y*
- 15.60%
- 5Y*
- 10.19%
- 10Y*
- 12.96%
- ALL TIME*
- 9.13%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
DIA vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 8.61% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between DIA and MSFT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.59 |
Over the past year, the correlation between DIA and MSFT has dropped to 0.27 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
DIA vs. MSFT — Risk / Return Rank
DIA
MSFT
DIA vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) and Microsoft Corporation (MSFT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIA | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.88 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.60 | +2.51 |
| Martin ratioReturn relative to average drawdown | 7.39 | -1.10 | +8.48 |
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Drawdowns
DIA vs. MSFT - Drawdown Comparison
The maximum DIA drawdown since its inception was -51.87%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for DIA and MSFT.
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Drawdown Indicators
| DIA | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.87% | -69.38% | +17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -34.50% | +24.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -34.50% | +18.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -37.15% | +16.39% |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | -37.15% | +0.45% |
Current DrawdownCurrent decline from peak | -2.26% | -25.32% | +23.06% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -21.80% | +14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 18.74% | -16.21% |
Volatility
DIA vs. MSFT - Volatility Comparison
The current volatility for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is 2.21%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that DIA experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIA | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 10.25% | -8.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 24.51% | -14.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 27.52% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 27.07% | -12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 27.15% | -9.64% |
Dividends
DIA vs. MSFT - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.39%, more than MSFT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.39% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
DIA and MSFT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to DIA (2.21%). In terms of maximum drawdown, DIA dropped -51.87% vs MSFT's -69.38%.
DIA currently has the higher Sharpe Ratio (1.53 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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